Available to: US and Japanese clients only.
To participate: register via contest page
To win: get largest accumulated gross profit
Prizes: Pool Prize $10000 and a Samsung Note 4,also 15 top competitors will be rewarded as follows; 1st-$2500, 2nd-$1500, 3rd-$1000, 4th-$800,5th-$700,6th-$600, 7th-$500,8th-9th-$400,10th-11th-$300,12th-15th-$250.
Withdrawal condition: for trading purpose only and cannot be withdrawn.
Freeroll Forex Tournament Terms and Conditions
Once you have created your account on our landing page, you will receive an email from our Marketing Department with confirmation that you have been registered in our Free Roll Forex Tournament.
1. To participate in the Freeroll Forex Tournament you have to register for the contest providing the details requested (first & last name, valid working telephone number (enabling our account managers to contact you), and email address, and be over 18 years old)). All details provided during the registration process should be correct (i.e. full name details to match the proof of identity, and proof of residence provided etc.), otherwise the participant/winner will be disqualified from the Freeroll Forex Tournament.
2. Only US or Japanese residents can participate in the Freeroll Forex Tournament.
3. By participating in the Freeroll Forex Tournament you acknowledge that you have read, and agreed to be bound by, these terms and conditions as well as to Forexbrokerinc Terms and Conditions. The participants cannot open any trade until tournament started.
4. Trading rules:
a) Account used for the tournament will be the Platinum Variable.
b) Initial Virtual Balance $7000
c) Leverage 1:500
d)Trading options: Webtrader, MT4, Mobile Trade
e) Hedging and scalping is allowed ( FIFO Rules not applied )
f) Stop out 20%
g) No limit trade order
h)Minimum trade volume 0.01
i) Maximum trade volume 20
j) EA, Robot allowed
5. Each participant in the Freeroll Forex Tournament can only register once.
6. A participant can be disqualified from the Freeroll Forex Tournament in case he/she meets any of the following factors:
a. A participant used fraudulent details during the registration in the Freeroll Forex Tournament
b. A participant has more than one Freeroll Forex Tournament Demo account;
7. The Forexbrokerinc Freeroll Forex Tournament will commence in specific date and time.
a. Forexbrokerinc will accept only the participants that have registered for Freeroll Forex Tournament Demo Account during the above mentioned dates, inclusive.
b. At the end of the Freeroll Forex Tournament, Forexbrokerinc will automatically close any running/open trades at the last quoted price of the forexbrokerinc’s MT4 trading platform.
8. The Freeroll Forex Tournament winners will be decided by the following (in order of importance).
a. Percentage in Profit;
Percentage of Profit = (Total Net Profit / Initial Deposit) x 100
b. Percentage of Relative Breakdown;
Percentage of Relative Breakdown = the difference between highest (H1) and the lowest (L1) peak of the day as a percentage = [(H1-L1)/H1] x 100
c. Profit Factor;
Profit Factor = Gross Profit / Gross Loss
– at the end of the contest period, Forexbrokerinc will look at the percentage in profit which this will determine the winner.
– In case 2 persons have the same percentage in profit then Forexbrokerinc will look at the percentage of relative breakdown to identify the winner.
– If percentage in profit & percentage of relative breakdown is the same then Forexbrokerinc will look at the profit factor to identify the winner;
– If all above mentioned factors are the same for clients then the said clients will have to share the given award prize.
9. For the award prize to be added into the winner’s trading account, the winner will have to:
a. provide the required documentation (i.e. proof of identification and address) to Forexbrokerinc; the details provided during the registration in the Freeroll Forex Tournament have to be the same with the details in the documentation provided;
b. his real account application has successfully been verified by Forexbrokerinc.
c. provide the login and password that was initially sent by Forexbrokerinc to the contest participant when he/she registers for the Freeroll Forex Tournament account by sending such details to Forexbrokerinc at [email protected];
10. The participant acknowledges and authorizes Forexbrokerinc to announce the daily results of the Freeroll Forex Tournament Contest at its website, including each participant’s name.
11. Forexbrokerinc will credit the winners’ accounts within the first business day after the tournament has ended.
12. By winning Freeroll Forex Tournament prize, the winners accept that will participate in various promotional events that will be publicly announced in various websites, including the Forexbrokerinc website. Promotional events, including, but not limited to, listing announcement of their full names, prizes received, etc.